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General Discussion

subterranean

(3,738 posts)

3. This plan would exclusively benefit the rich.

Reply to applegrove (Original post)

Wed Dec 3, 2025, 09:51 AM

Wednesday

Last edited Wed Dec 3, 2025, 12:17 PM - Edit history (1)

It would only benefit people who are wealthy enough to itemize deductions. In other words, only about 10 percent of taxpayers.

Correction: After looking at it further, it appears the proposed deduction would be in addition to the standard deduction, so you wouldn't have to itemize. But the fact remains it would be heavily skewed in favor of the wealthy. People who don't owe any federal income tax (about 30-40% of Americans) would receive no benefit at all from this.

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Wounded Bear travelingthrulife Bettie

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Highlight:

Hawley Pitches New Health Care Tax Plan [View all] applegrove Wednesday OP

One knee replacement costs over $200K. Happy Hoosier Wednesday #1

"Sen. Josh Hawley (R-MO) is pitching his colleagues on a new health plan" chouchou Wednesday #2

This plan would exclusively benefit the rich. subterranean Wednesday #3

And even then, a tax deduction lowers the taxable income, NOT the tax itself Wiz Imp Wednesday #7

And someone in the lowest marginal tax bracket... subterranean Wednesday #10

exactly Wiz Imp Wednesday #12

And only if they don't have expensive issues EdmondDantes_ Wednesday #13

A new version of the only thing republicans can do. Turbineguy Wednesday #4

It's a bad plan........................ Lovie777 Wednesday #6

Stupid. Stupid. Stupid. travelingthrulife Wednesday #5

Sure! Let's just "RUN" with that. Traildogbob Wednesday #8

What are the specifics jonstl08 Wednesday #9

This is why I'm looking forward JustAnotherGen Wednesday #11

25,000 per person in expenses? ibegurpard Wednesday #14

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